Household saving is defined as the difference between a household’s disposable income (wages, income of the self-employed and net property income) and its consumption (expenditures on goods and services.)

Global Finance Names Safest Banks In The Middle East & Africa 2015

Advertisement

NEW YORK, Sept. 9, 2015 — Global Finance has named the Safest Banks in the Middle East & Africa in an exclusive survey to be published in the November 2015 issue. Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.

“The past year has been a rollercoaster for companies and investors, as some of the region’s biggest markets have seen intense volatility and major market changes. Global Finance’s Safest Banks ranking 2015 highlights those banks that have built strong foundations—providing safety and security in this rapidly changing market landscape,” says Global Finance publisher and editorial director Joseph D. Giarraputo. “This ranking is an invaluable tool for companies and investors to evaluate institutional strength.”

Rank

Bank Name

Country

1

National Bank of Abu Dhabi

UAE

2

Qatar National Bank

Qatar

3

National Bank of Kuwait

Kuwait

4

Samba Financial Group

Saudi Arabia

5

National Commercial Bank

Saudi Arabia

6

Al Rajhi Bank

Saudi Arabia

7

Riyad Bank

Saudi Arabia

8

Abu Dhabi Commercial Bank

UAE

9

Banque Saudi Fransi

Saudi Arabia

10

SABB

Saudi Arabia

Ratings current as of August 14, 2015

METHODOLOGY

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.

Its website — GFMag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.